Spire Global shares surge 20.18% intraday after securing $151B DoD SHIELD contract for satellite defense intelligence.

Spire Global (SPIR) surged 20.18% intraday after being awarded a $151 billion Missile Defense Agency SHIELD contract. The IDIQ contract, emphasizing Spire’s satellite-based RF capabilities for defense-grade intelligence, underscores its strategic value in enhancing U.S. and allied situational awareness. The company highlighted its fully deployed constellation and sovereign-ready solutions as critical assets for rapid mission delivery, aligning with heightened demand for space-based reconnaissance. While Canaccord Genuity later lowered its price target to $10.50 from $12, the immediate bullish catalyst was the contract win, which signals expanded government partnership potential and operational scalability.